Cheap Car Insurance Quotes for a 20 Year Old Female in Colorado

The car, truck, or SUV you are seeking coverage for is a significant factor that determines whether or not you find cheap auto insurance for 20 year old women in Colorado. Vehicles with higher performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than safer models.

The list below shows insurance costs for some of the more afforable automobiles to buy insurance for.

Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can impact insurance rates substantially.

Looking at the numbers, we can presume that models like the Ford Escape, Honda CR-V, Honda Accord, and Subaru Forester are most likely going to be the most affordable vehicles to insure for young women. Prices will tend to be more expensive just because there is more liability risk for 20 year old women, but overall those particular vehicles will have the least expensive rates compared to other vehicles.

Deciphering which companies quote the cheapest auto insurance rates for 20 year old women will require a little more effort than just getting one or two price quotes. Every insurance provider has their own formula for determining rates, so we need to take a look at the auto insurance companies that tend to be cheaper in Colorado.

It’s a good idea to know that Colorado auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy price. Improving your credit score, buying a different home, or getting a reckless driving citation may cause policy rate changes resulting in some companies being affordable when they were higher priced.

Best Auto Insurance Prices for Women Age 20

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The Hartford has some of the lowest car insurance rates in Colorado at around $859 each year. Grange, USAA, Nationwide, and GEICO would also make the list of some of the lowest-priced Colorado insurance companies.

As shown in the table above, if you currently have coverage with USAA and switched to The Hartford, you may realize a yearly savings of in the vicinity of $170. Colorado drivers with Nationwide could save as much as $262 a year, and GEICO insureds might cut rates by $293 a year.

Bear in mind that those estimates are averages across all ages of drivers and types of vehicles and do not take into consideration a rate increase for 20 year old women. So the company that can offer the best rates for your situation may not even be in the company chart above. That point stresses why you need to compare rates from multiple companies using your own driver data and vehicle information.

Poor driving habits will raise your auto insurance rates

The ideal way to snag cheap auto insurance for 20 year old women in Colorado is to drive safe and avoid accidents and traffic citations. The information below shows how traffic citations and accident claims influence insurance premiums for different age groups of insureds. Data assumes a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

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In the example above, the average cost of a car insurance policy per year with no accidents or violations is $1,476. Add in two speeding tickets and the average cost jumps to $1,940, an increase of $464 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for 20 year old women increases to an average of $3,888. That’s an increase of $2,412, or $201 per month, just for not driving responsibly!

Discounts on cheap auto insurance for 20 year old women in Colorado

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/auto-insurance-20-year-old-women-co.jpg" alt="Cheaper Colorado auto insurance for young women”/>Auto insurance companies that offer quotes for 20 year old women may provide rate discounts that can reduce rates by 40% or more if you are eligible to receive them. A list of auto insurance companies and some of the discounts can be read below.

• State Farm offers premium reductions for passive restraint, anti-theft, accident-free, safe vehicle, multiple policy, good driver, and Drive Safe & Save.
• American Family may have discounts that include good driver, accident-free, TimeAway discount, defensive driver, air bags, mySafetyValet, and early bird.
• AAA may offer discounts for pay-in-full, multi-policy, good driver, anti-theft, and AAA membership discount.
• GEICO includes discounts for seat belt use, anti-theft, military active duty, federal employee, multi-vehicle, membership and employees, and daytime running lights.
• Mercury Insurance discounts include location of vehicle, accident-free, multi-car, multi-policy, annual mileage, and good student.
• Farmers Insurance has discounts for bundle discounts, youthful driver, teen driver, mature driver, and pay in full.
• Progressive has savings for online signing, multi-policy, homeowner, continuous coverage, online quote discount, multi-vehicle, and good student.

The information below illustrates the comparison of insurance prices with and without policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with good student, paperless filing, passive restraint, vehicle safety, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, the the average yearly reduction on auto insurance for 20 year old women is 21% or $456.

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State Farm, Geico, Allstate, or Progressive: Who is cheapest?

If you want the best car insurance for young women, the companies with the most market share are State Farm, Geico, Allstate, and Progressive. The data below compares and contrasts ratings for price, service, and claims, in additional to some of the optional coverages that are available for policyholders.